Government income exemption under the India-UAE tax treaty shields state income and specified public institutions from taxation abroad. Article 24 provides a government income exemption under the India-UAE DTAA: the Government of one Contracting State is exempt from tax, including capital ... Summary
Government income exemption under the India-UAE tax treaty shields state income and specified public institutions from taxation abroad.
Article 24 provides a government income exemption under the India-UAE DTAA: the Government of one Contracting State is exempt from tax, including capital gains tax, in the other Contracting State on income derived there. "Government" is defined to include political subdivisions, local authorities, and specified financial institutions (Reserve Bank of India; Central Bank of the U.A.E., Abu Dhabi Investment Authority; Abu Dhabi Fund for Economic Development) and other mutually agreed bodies; an amendment via Notification No. 282/2007 revised the operative wording.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.